NorthCrest Asset Manangement LLC Increases Holdings in BorgWarner Inc. $BWA

NorthCrest Asset Manangement LLC raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 123.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,533 shares of the auto parts company’s stock after purchasing an additional 14,108 shares during the period. NorthCrest Asset Manangement LLC’s holdings in BorgWarner were worth $1,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in BorgWarner in the second quarter worth approximately $110,234,000. AQR Capital Management LLC boosted its holdings in shares of BorgWarner by 307.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after buying an additional 2,582,105 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of BorgWarner by 233.6% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock worth $37,196,000 after buying an additional 778,000 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of BorgWarner during the 2nd quarter worth approximately $22,590,000. Finally, Covalis Capital LLP purchased a new stake in BorgWarner during the second quarter valued at approximately $16,171,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Down 1.4%

Shares of NYSE:BWA opened at $46.55 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $48.80. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 73.89, a PEG ratio of 0.92 and a beta of 1.06. The business has a 50-day moving average price of $45.01 and a 200-day moving average price of $42.60.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. BorgWarner’s revenue for the quarter was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.17 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. BorgWarner’s dividend payout ratio is presently 107.94%.

Insider Buying and Selling at BorgWarner

In related news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the transaction, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total value of $682,800.00. Following the sale, the vice president directly owned 209,040 shares in the company, valued at $9,515,500.80. This represents a 6.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 23,200 shares of company stock valued at $1,054,336. 0.63% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. UBS Group boosted their target price on BorgWarner from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Zacks Research lowered BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $47.31.

About BorgWarner

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.